UNO Minda , a leading auto components manufacturer, has reported a robust financial performance for the first quarter, with significant growth across its key business segments.

Financial Highlights

The company's consolidated revenue from operations stood at Rs. 4,489.00 crores for Q1. Excluding a one-time prior period incentive income of Rs. 69.00 crores, the normalized revenue was Rs. 4,420.00 crores, representing a strong year-on-year growth of 16% compared to Rs. 3,818.00 crores in the same quarter of the previous year.

UNO Minda maintained stable EBITDA margins at 10.7%, despite facing annual cost escalations and higher manpower costs. The normalized EBITDA stood at Rs. 474.00 crores, aligning with the revenue growth.

Profit after tax (PAT) attributable to shareholders was Rs. 291.00 crores. On a normalized basis, excluding the one-time incentive income, PAT was Rs. 239.00 crores, reflecting a healthy year-on-year growth of 21% over Rs. 198.00 crores in the corresponding quarter of the previous year.

Segment-wise Performance

Switching Systems

This segment continued its outstanding performance, contributing Rs. 1,111.00 crores to the revenue, marking a 16% year-over-year growth and accounting for 25% of the company's consolidated revenues.

Lighting Systems

The segment reported revenues of Rs. 1,013.00 crores, contributing 23% to the company's consolidated revenues and reflecting a healthy 13% year-over-year growth.

Casting Business

This segment generated revenues of Rs. 824.00 crores, accounting for 19% of the group's revenues. It includes:

• Rs. 431.00 crores from the four-wheeler alloy wheel business
• Rs. 243.00 crores from two-wheeler alloy wheels
• Rs. 149.00 crores from aluminum die casting

Seating Systems

The business recorded revenues of Rs. 320.00 crores, representing 7% of the consolidated topline and delivering a strong year-on-year growth of 18%.

Other Products

This segment, which includes controllers, sensors, ADAS, and EV components, delivered a strong performance generating Rs. 966.00 crores in revenues, registering a year-on-year growth of 30% and contributing 22% to the consolidated topline.

Key Developments

• UNO Minda became the first company in India to localize camera module production for RPAS/FPAS systems, with commercial supplies ramping up.
• The company completed the acquisition of the remaining 49.9% stake in UMEVSPL joint venture with FRIWO, acquiring IPR, R&D team, and technical know-how.
• Construction work has commenced on a new Greenfield facility for high-voltage EV powertrain components under the joint venture with Inovance Automotive.
• The company has 13 ongoing expansion projects, with several facilities expected to be commissioned during the current financial year.

Outlook

Sunil Bohra, Group Chief Financial Officer of UNO Minda, expressed optimism about the company's future, stating, "We enter the next phase of our growth journey with confidence, agility, and a clear strategic vision. We remain committed to delivering long-term value to all our stakeholders and are optimistic about the opportunities that lie ahead."

The company continues to focus on enhancing both its capacities and capabilities, with ongoing investments in emerging technologies, including electric mobility, ADAS, advanced electronics, and automotive lighting.

UNO Minda's persistent track record of outperforming industry growth, delivering 1.5x volume growth over market averages, demonstrates the strength of its OEM partnerships, innovation-led approach, and operational discipline.

As the automotive industry evolves, particularly with the growth of electric vehicles and advanced technologies, UNO Minda appears well-positioned to capitalize on these opportunities and maintain its growth trajectory in the coming years.

UNO Minda , a leading auto components manufacturer, has reported strong financial results for the first quarter, demonstrating robust growth across key metrics and strategic expansion in the electric vehicle (EV) segment.

Financial Highlights

UNO Minda posted consolidated revenue of Rs 4,489.00 crore in Q1, marking a significant 18% increase compared to Rs 3,818.00 crore in the same quarter of the previous year. The company's EBITDA grew by 33% year-on-year to Rs 543.00 crore, with EBITDA margin expanding by 142 basis points to 12.1%. Profit after tax (PAT) attributable to shareholders surged by 46% to Rs 291.00 crore.

It's worth noting that the Q1 results include a prior period incentive income of approximately Rs 69.00 crore, contributing to the overall growth.

Operational Highlights and Strategic Developments

UNO Minda made significant strides in expanding its EV capabilities and product portfolio:

1. Completed acquisition of FRIWO's stake in Uno Minda EV Systems Private Limited, making it a wholly-owned subsidiary.
2. Acquired related technologies, assets, and R&D teams from FRIWO, enhancing in-house innovation capabilities for EV components.
3. Commenced India's first localized camera module manufacturing at its Pune facility, with commercial supplies already underway.
4. Started commercial supplies of Electric Vehicle Supply Equipment (EVSE) products to dealerships, with OEM sales expected to begin in 3-4 months.

The company also made progress on capacity expansion initiatives:

1. Completed acquisition of 88 acres of land in Chhatrapati Sambhajinagar, aligning with its strategy to build land banks near auto hubs.
2. Approved a capex of Rs 210.00 crore for setting up EV casting products at the Chhatrapati Sambhajinagar facility.

Product Segment Performance

Switches remained the largest contributor to revenue at 25%, followed by Lighting at 23% and Casting at 19%. The company saw healthy traction across core product lines and accelerating momentum in emerging segments such as sensors, ADAS, and controllers.

Management Commentary

Mr. Ravi Mehra, Managing Director of UNO Minda Group, commented on the results: "Our performance in Q1 reflects not only strong execution but also the growing relevance of our innovation-led portfolio across emerging technologies. We continue to invest in future-ready capacities, strategic partnerships, and R&D capabilities across India and overseas to deepen our technology leadership and enhance our value proposition to customers."

Sunil Bohra, CFO of UNO Minda Group, added: "Our strategic investments in emerging technologies like EV components, ADAS, sensors, and advanced electronics are beginning to yield tangible results, further strengthening our position as a future-ready automotive solutions provider."

Future Outlook

With its strong financial performance, strategic acquisitions, and focus on emerging technologies, UNO Minda is well-positioned to capitalize on the ongoing transformation in the automotive industry. The company's emphasis on electrification, digitalization, safety, and premiumization aligns well with industry trends, potentially driving sustained growth in the coming quarters.

As UNO Minda continues to expand its EV portfolio and enhance its technological capabilities, it is poised to play a significant role in shaping the future of mobility solutions in India and beyond.